Guernsey, 11 February 2019 – Eurocastle Investment Limited (“Eurocastle” or the “Company”) today announces that between 4 February 2019 and 8 February 2019, as part of the previously announced second buyback programme with Liberum Capital Limited (acting as the Company's broker), it bought back 6,294 of its ordinary shares at an average price of €7.02 per ordinary share. These purchases were made pursuant to the authority granted at its Annual General Meeting on 20 June 2018. The purchased shares will all be held as treasury shares.

The purpose of the share buyback programme is to reduce the share capital of the Company and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

The following transactions have been made under the buyback programme:

Accumulated, most recent announcement

Platform code

Volume

Volume Weighted Average Price

Gross Value (€)

04/02/2019

BATE

75

7.12

534

XLON

849

7.07

6,006

CHIX

79

7.12

562

TRQX

125

7.14

893

Total

1,128

7.09

7,995

05/02/2019

BATE

167

7.06

1,179

XLON

851

7.09

6,031

CHIX

82

7.06

579

TRQX

127

7.06

897

Total

1,227

7.08

8,686

06/02/2019

BATE

0

-

-

XLON

909

7.03

6,391

CHIX

81

7.14

578

TRQX

128

7.17

918

Total

1,118

7.06

7,888

07/02/2019

BATE

69

7.22

498

XLON

769

7.04

5,417

CHIX

74

7.12

527

TRQX

121

7.09

858

Total

1,033

7.07

7,300

08/02/2019

BATE

299

6.98

2,087

XLON

1,302

6.86

8,935

CHIX

69

6.84

472

TRQX

118

6.89

813

Total

1,788

6.88

12,307

Following the above transactions:

The total number of ordinary shares of the Company in issue is 63,813,362

The total number of ordinary shares held by Eurocastle in treasury is 18,694,591 (equal to 29.3% of the Company’s share capital)

The total number of voting rights exercisable by holders of ordinary shares of the Company is 45,118,771, as voting rights of shares held in treasury are suspended.

ABOUT EUROCASTLE

Eurocastle Investment Limited is a publicly traded closed-ended investment company that focuses on investing in performing and non-performing loans and other real estate related assets primarily in Italy. The Company is Euro denominated and is listed on Euronext Amsterdam under the symbol “ECT”. Eurocastle is managed by an affiliate of Fortress Investment Group LLC, a leading global investment manager. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.

Set out below are all trades completed between 4 February 2019 and 8 February 2019: